India Cements’ sales revenue stable in first half

India Cements’ revenue has remained stable at US$379 in the first half of its financial year to 30 September 2018. Its profit more than halved to US$3.01m from US$6.91m. The cement producer is currently appealing against allegations of cartel-like behaviour by the Competition Commission of India (CC

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Published - Monday, 12 Nov, 2018

India Cements’ sales revenue stable in first half

India Cements’ revenue has remained stable at US$379 in the first half of its financial year to 30 September 2018. Its profit more than halved to US$3.01m from US$6.91m. The cement producer is currently appealing against allegations of cartel-like behaviour by the Competition Commission of India (CCI). In late October 2018 it said it was buying Springway Mining for the aim of eventually building a new cement plant in Madhya Pradesh.